To access the master data, go to Sales > See also > Sales Payment Terms.
This functionality is available if the Enable Payment Terms option is selected on the Administration > Settings > General Settings form. If the functionality is turned off, the payment terms cannot be used.
This master data registers the payment terms that are used when the entity is selling goods and services to customers. The payment terms define the due date for customer payment or payment schedule. The payment terms are also used to evaluate cash flows and to correctly calculate the amounts owed by customers (the Accounts Receivable Aging report).
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